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Updated over 8 years ago on . Most recent reply

User Stats

15
Posts
1
Votes
Paul K.
  • San Francisco, CA
1
Votes |
15
Posts

Sold Vaca rental and sitting on $?

Paul K.
  • San Francisco, CA
Posted

I am relatively new here but any suggestions or direction would be greatly appreciated.  

I sold my vacation rental in July, doubled my investment, and now have a decent amount of cash that I'm not sure what to do with.  I was in a career transition during that time and I have missed the window for a 1031 exchange as nearly 3 months have passed.  Is there any way to invest the capital gains so as to avoid paying too much in taxes?

Does anyone have any suggestions/direction of what to do with the cash in such an expensive and competitive market? (I live in San Francisco)

Thank you for any comments, suggestions and/or direction!

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